CRUISING VAN: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
CRUISING VAN
Largest movements
- Tangible fixed assets +€93,963
up €93,963 (+22.1%), from €424,319 to €518,282
of which Land and buildings: +€61,437
- Receivables within one year -€33,502
down €33,502 (-46.2%), from €72,475 to €38,973
of which Trade receivables: -€37,291
- Current investments +€24,490
up €24,490, from €0 to €24,490
- Cash +€12,379
up €12,379 (+25.4%), from €48,647 to €61,026
mainly Debts after one year (+€69,869) and Net result for the year (+€50,391)
- Debts after one year +€69,869
up €69,869 (+36.8%), from €190,075 to €259,944
- Profit (loss) carried forward +€50,391
up €50,391 (+21.6%), from €233,556 to €283,947
- Trade debts -€42,196
down €42,196 (-96.2%), from €43,843 to €1,647
- Tax, wage and social debts +€22,179
up €22,179 (+133.5%), from €16,618 to €38,797
of which Taxes: +€22,179
- Gross operating margin +€31,447
up €31,447 (+39.5%), from €79,631 to €111,078
- Taxes +€9,307
up €9,307 (+157.3%), from €5,915 to €15,222
- Other operating charges -€8,261
down €8,261 (-93.9%), from €8,798 to €537
- Depreciation -€3,171
down €3,171 (-8.3%), from €38,160 to €34,990
- Financial charges +€2,907
up €2,907 (+36.9%), from €7,882 to €10,789
of which Financial charges: +€3,328
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €549,420 | €647,685 | +€98,265 | +17.9% |
| Fixed assets | 21/28 | €424,319 | €518,282 | +€93,963 | +22.1% |
| Tangible fixed assets | 22/27 | €424,319 | €518,282 | +€93,963 | +22.1% |
| Land and buildings | 22 | €391,344 | €452,782 | +€61,437 | +15.7% |
| Plant, machinery and equipment | 23 | €1,506 | €2,902 | +€1,395 | +92.6% |
| Furniture and vehicles | 24 | €31,468 | €62,599 | +€31,130 | +98.9% |
| Current assets | 29/58 | €125,101 | €129,404 | +€4,302 | +3.4% |
| Stocks and contracts in progress | 3 | €1,682 | €1,682 | = | 0.0% |
| Stocks | 30/36 | €1,682 | €1,682 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €72,475 | €38,973 | -€33,502 | -46.2% |
| Trade receivables | 40 | €55,622 | €18,332 | -€37,291 | -67.0% |
| Other amounts receivable | 41 | €16,852 | €20,642 | +€3,789 | +22.5% |
| Current investments | 50/53 | €0 | €24,490 | +€24,490 | |
| Cash at bank and in hand | 54/58 | €48,647 | €61,026 | +€12,379 | +25.4% |
| Deferred charges and accrued income | 490/1 | €2,298 | €3,233 | +€935 | +40.7% |
| Total equity and liabilities | 10/49 | €549,420 | €647,685 | +€98,265 | +17.9% |
| Equity | 10/15 | €254,016 | €304,407 | +€50,391 | +19.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | - | -€18,600 | |
| Other | 1109/19 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €233,556 | €283,947 | +€50,391 | +21.6% |
| Amounts payable | 17/49 | €295,404 | €343,279 | +€47,874 | +16.2% |
| Amounts payable after more than one year | 17 | €190,075 | €259,944 | +€69,869 | +36.8% |
| Financial debts | 170/4 | €190,075 | €259,944 | +€69,869 | +36.8% |
| Amounts payable within one year | 42/48 | €105,329 | €83,300 | -€22,029 | -20.9% |
| Current portion of amounts payable after more than one year | 42 | €44,869 | €42,856 | -€2,012 | -4.5% |
| Trade debts | 44 | €43,843 | €1,647 | -€42,196 | -96.2% |
| Suppliers | 440/4 | €43,843 | €1,647 | -€42,196 | -96.2% |
| Taxes, remuneration and social security | 45 | €16,618 | €38,797 | +€22,179 | +133.5% |
| Taxes | 450/3 | €16,618 | €38,797 | +€22,179 | +133.5% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | - | €34 | +€34 | |
| Non-recurring operating income | 76A | €9,711 | €5,260 | -€4,451 | -45.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,160 | €34,990 | -€3,171 | -8.3% |
| Other operating charges | 640/8 | €8,798 | €537 | -€8,261 | -93.9% |
| Non-recurring operating charges | 66A | €116 | €166 | +€50 | +43.1% |
| Gross operating margin | 9900 | €79,631 | €111,078 | +€31,447 | +39.5% |
| Operating profit (loss) | 9901 | €32,557 | €75,386 | +€42,829 | +131.5% |
| Financial income | 75/76B | €611 | €1,016 | +€405 | +66.4% |
| Recurring financial income | 75 | €611 | €1,016 | +€405 | +66.4% |
| Financial charges | 65/66B | €7,882 | €10,789 | +€2,907 | +36.9% |
| Recurring financial charges | 65 | €7,461 | €10,789 | +€3,328 | +44.6% |
| Non-recurring financial charges | 66B | €421 | - | -€421 | |
| Profit (loss) for the period before taxes | 9903 | €25,286 | €65,613 | +€40,327 | +159.5% |
| Income taxes | 67/77 | €5,915 | €15,222 | +€9,307 | +157.3% |
| Profit (loss) for the period | 9904 | €19,371 | €50,391 | +€31,020 | +160.1% |
| Profit (loss) for the period to be appropriated | 9905 | €19,371 | €50,391 | +€31,020 | +160.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.